|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
PETER
CREMER GMBH |
|
|
|
|
Registered Office : |
Glockengießerwall
3 D 20095 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
31.08.1998 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Wholesale
of grain, unmanufactured tobacco, seeds and animal feeds ·
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth
largest economy in the world in PPP terms and Europe's largest - is a leading
exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, has contributed to strong growth and
falling unemployment. These advances, as well as a government subsidized,
reduced working hour scheme, help explain the relatively modest increase in
unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization
efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela
MERKEL's second term increased Germany's total budget deficit - including
federal, state, and municipal - to 4.1% in 2010, but slower spending and higher
tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a
budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the
federal government to structural deficits of no more than 0.35% of GDP per
annum as of 2016 though the target was already reached in 2012. Following the
March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in
May 2011 that eight of the country's 17 nuclear reactors would be shut down
immediately and the remaining plants would close by 2022. Germany hopes to
replace nuclear power with renewable energy. Before the shutdown of the eight
reactors, Germany relied on nuclear power for 23% of its electricity generating
capacity and 46% of its base-load electricity production
|
Source
: CIA |
PETER CREMER GMBH
Company Status: active
Glockengießerwall 3
D 20095 Hamburg
Telephone:040/320110
Telefax: 040/32011400
E-mail: global@cremer.de
VAT no.: DE118905222
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1998
Shareholders'
agreement: 31.08.1998
Registered on: 31.08.1998
Commercial Register: Local court 20355 Hamburg
under: HRB
68425
Share capital: EUR 20,000,000.00
Shareholder:
Peter Cremer Holding GmbH
& Co. KG
Glockengießerwall 3
D 20095 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 20,050,002.00
contribution:
Share: EUR 20,000,000.00
Registered on: 30.06.1954
Reg. data: 20355 Hamburg,
HRA 58079
Profit transfer agreement
Manager:
Stefan Cremer
Gaedechensweg 9
D 20249 Hamburg
having sole power of
representation
born: 20.05.1952
Profession: Businessman
Marital status: unknown
Proxy:
Karin Engelke
D 22763 Hamburg
authorized to jointly
represent the company
born: 27.08.1952
Proxy:
Bernd Zappe
D 22399 Hamburg
authorized to jointly
represent the company
born: 14.09.1958
Proxy:
Frank Prüssing
D 20095 Hamburg
authorized to jointly represent
the company
born: 22.01.1965
Further functions/participations of Stefan
Cremer (Manager)
General partner:
Stefan Cremer, Thomas
Cremer
Glockengießerwall 2
D 20095 Hamburg
Legal form: Partnership
under the Civil Code
Limited partner:
Peter Cremer Holding GmbH
& Co. KG
Glockengießerwall 3
D 20095 Hamburg
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Total cap. EUR 20,050,002.00
contribution:
Share: EUR 10,025,001.00
Registered
on: 30.06.1954
Reg. data: 20355 Hamburg, HRA 58079
Limited partner:
"HANSEUFER
DEMMIN" Handelszentrum GmbH & Co.
Am Hanseufer 2
D 17109 Demmin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 6,825,746.61
contribution:
Share: EUR 1,086,495.25
Registered
on: 26.10.1994
Reg. data: 17033 Neubrandenburg, HRA 860
Limited partner:
Kommanditgesellschaft
TURMCARRE Prenzlau
GmbH & Co. KG
Brüssower Allee 90
D 17291 Prenzlau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,294,851.80
contribution:
Share: EUR 1,610,569.43
Registered
on: 13.09.1994
Reg. data: 16816 Neuruppin, HRA 463 NP
Limited partner:
8te Cherry Friends UG
(haftungsbeschränkt) &
Co. KG
Nonnenstieg 11
D 20149 Hamburg
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 3,000,000.00
contribution:
Share: EUR 500,000.00
Registered
on: 01.03.2013
Reg. data: 20355 Hamburg, HRA 115876
Limited partner:
Auerbach Schifffahrt GmbH
& Co. KG
Zeissstr. 1
D 49733 Haren
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,080,090.00
contribution:
Share: EUR 340,000.00
Registered
on: 03.12.2010
Reg. data: 49074 Osnabrück, HRA 202407
Limited partner:
5te Cherry Friends UG
(haftungsbeschränkt) &
Co. KG
Nonnenstieg 11
D 20149 Hamburg
Legal form: Ltd.partners. w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 1,050,000.00
contribution:
Share: EUR 250,000.00
Registered
on: 25.09.2012
Reg. data: 20355 Hamburg, HRA 115253
Limited partner:
7te Cherry Friends UG
(haftungsbeschränkt) &
Co. KG
Nonnenstieg 11
D 20149 Hamburg
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 1,000,000.00
contribution:
Share: EUR 200,000.00
Registered
on: 10.10.2012
Reg. data: 20355 Hamburg, HRA 115312
Limited partner:
CREMER Finance GmbH &
Co. KG
Ihlenfelder Str. 136
D 17034 Neubrandenburg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 200,000.00
contribution:
Share: EUR 40,000.00
Registered
on: 20.01.2012
Reg. data: 17033 Neubrandenburg, HRA 2236
Shareholder:
Handelsgesellschaft Peter
Cremer m.b.H.
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 51,129.18
Share: EUR 25,564.59
Registered
on: 10.11.1972
Reg. data: 20355 Hamburg, HRB 15122
Shareholder:
DEMMIN GmbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 10.11.2011
Reg. data: 20355 Hamburg, HRB 120607
Shareholder:
CREMER Finance
Verwaltungsgesellschaft mbH
Ihlenfelder Str. 136
D 17034 Neubrandenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 19.01.2012
Reg. data: 17033 Neubrandenburg, HRB 7705
Manager:
CremerEnergy GmbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR
1,000,000.00
Registered
on: 06.03.1907
Reg. data: 20355 Hamburg, HRB 2106
Manager:
Handelsgesellschaft Peter
Cremer m.b.H.
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 51,129.18
Registered
on: 10.11.1972
Reg. data: 20355 Hamburg, HRB 15122
Manager:
Unterstützungskasse Peter
Cremer
Gesellschaft mit
beschränkter Haftung
Glockengießerwall 2
D 20095 Hamburg
Post Box:
10 11 20, D 20007
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 29.12.1961
Reg. data: 20355 Hamburg, HRB 9656
Manager:
CCC Hanseatische
Beteiligungsgesellschaft
mbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 30.10.2002
Reg. data: 20355 Hamburg, HRB 85271
Manager:
PRO LINE Shipping GmbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 08.08.1994
Reg. data: 20355 Hamburg, HRB 56330
Manager:
Peter Cremer (Singapore)
GmbH
Ihlenfelder Str. 136
D 17034 Neubrandenburg
Legal form: Private
limited company
Share capital: EUR 53,685.65
Registered
on: 22.04.1999
Reg. data: 17033 Neubrandenburg, HRB 4992
Manager:
PRO LINE Carrier GmbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 22.11.1983
Reg. data: 20355 Hamburg, HRB 31727
Manager:
CREMER OLEO Management
GmbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 29.06.2000
Reg. data: 20355 Hamburg, HRB 76008
Manager:
CREMER Finance
Verwaltungsgesellschaft mbH
Ihlenfelder Str. 136
D 17034 Neubrandenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.01.2012
Reg. data: 17033 Neubrandenburg, HRB 7705
President of the Board of Directors:
Verein der
Getreidehändler der Hamburger
Börse e.V.
Adolphsplatz 1 Kontor 24
D 20457 Hamburg
Legal form: Registered
association
Registered
on: 11.12.1937
Reg. data: 20355 Hamburg, VR 3229
President of the Supervisory Board:
Walter Rau Neusser Öl-
und Fett
Aktiengesellschaft
Industriestr. 36-40
D 41460 Neuss
Legal form: Public
limited company
Share capital: EUR
2,600,000.00
Registered
on: 17.02.1929
Reg. data: 41460 Neuss, HRB 1176
Member of the Supervisory Board:
Georg Nordmann Holding
Aktiengesellschaft
Kajen 2
D 20459 Hamburg
Legal form: Public
limited company
Share capital: EUR 6,500,000.00
Registered
on: 28.11.2003
Reg. data: 20355 Hamburg, HRB 89035
Liquidator:
PRO LINE LIMITED &
Co. GmbH
Glockengießerwall 3
D 20095 Hamburg
Legal form: Private limited
company in
liquidation
Share capital: EUR 511,500.00
Registered
on: 29.08.1983
Reg. data: 20355 Hamburg, HRB 31357
31.08.1998 - 15.03.2000 Beteiligungsgesellschaft Cremer
Füttermühlen Pro
Natur mbH
Glockengießerwall 2
D 20095 Hamburg
Private limited company
16.03.2000 - 10.10.2005 Peter Cremer GmbH
Glockengießerwall 2
D 20095 Hamburg
Private limited
company
Sectors
46210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
General partner:
Cremer Futtermühlen
Gesellschaft mit
beschränkter Haftung &
Co. Pro Natur
Glockengießerwall 2
D 20095 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: dormant
Reg. data: 23.12.1997
Local court
20355 Hamburg
HRA 91385
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Glockengießerwall
3
D 20095 Hamburg
Land register documents were not available.
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
HSH NORDBANK HAMBURG, 20079 HAMBURG
Sort. code: 20050000
BIC: HSHNDEHH200
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 16,500,000.00
Share capital: EUR 20,000,000.00
Equipment: *EUR 575,000.00
Ac/ts receivable: *EUR 1,250,000.00
Liabilities: *EUR 1,525,000.00
Employees:
50
Profit transfer agreement to:
Peter Cremer Holding GmbH
& Co. KG
Glockengießerwall 3
D 20095 Hamburg
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.